“Overall, the total number of credit cards shrunk from 7. 79 crore in August to 7. 77 crore in September. In September, ICICI Bank’s card base shrank by 4. 4%, or nearly 6. 2 lakh cards to 1. 3 crore. This was fol-lowed by Standard Chartered, which dropped a lakh cards (nearly 7. 8%) to 12. 2 lakh cards. HDFC also lost over a lakh cards with its card base now at 1. 6 crore. Kotak Bank, SBM Bank and IDFC First added the most cards. The number of outstanding credit cards has grown by nearly one crore since September 2021 when they stood at 6. 5 crore.” – TOI
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